trending Market Intelligence /marketintelligence/en/news-insights/trending/1xqasxmwvnvztqcgbg0woq2 content esgSubNav
In This List

Report: EIB to issue Sonia-linked bond as alternative to LIBOR

Podcast

Street Talk Episode 87

Blog

A New Dawn for European Bank M&A Top 5 Trends

Blog

Insight Weekly: US banks' loan growth; record share buybacks; utility M&A outlook

Blog

Banking Essentials Newsletter 2021: December Edition


Report: EIB to issue Sonia-linked bond as alternative to LIBOR

The European Investment Bank is set to issue a bond linked to the sterling overnight index average, or Sonia, as an alternative to the scandal-hit London Interbank Offered Rate, the Financial Times reported.

The sterling-denominated floating-rate bond is expected to mature between three and five years, with the launch and pricing subject to market conditions, the June 18 report noted, citing a person familiar with the plans.

NatWest Markets, HSBC, RBC Capital Markets and TD Securities have reportedly been appointed to plan the sale.